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GIFT Nifty Jumps Nearly 4% After Trump Delays Iran Strikes; Will Nifty Cross 23,000 Tomorrow?
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GIFT Nifty jumps after Donald Trump pauses US strikes on Iran, easing Middle East tensions, crashing Brent and lifting US stock futures and Indian market outlook.
Gift Nifty surges 3 per cent as Trump delays strikes on Iran’s energy infra
GIFT Nifty surged sharply on Monday evening, rising nearly 4% after US President Donald Trump announced a five-day postponement of planned military strikes on Iranian power plants following talks with Tehran.
The index jumped 865.5 points, or 3.81%, to 23,321.5 around 6:15 pm after the announcement on Truth Social, signalling a sharp improvement in market sentiment amid hopes of de-escalation.
Trump said the US would postpone strikes on Iranian power plants and energy infrastructure for five days, citing “very good and productive” talks with Tehran. He added that negotiations are aimed at achieving a “complete and total resolution” of hostilities.
Pause Conditional on Ongoing Talks
The US President clarified that the delay is not permanent and depends on how discussions progress through the week. He noted that the decision was based on the “tenor and tone” of ongoing diplomatic engagement.
The development follows earlier warnings from Washington about potential strikes if Iran failed to reopen the Strait of Hormuz. Iran had, in response, threatened to deploy naval mines and target critical infrastructure across the region.
Oil Prices Crash, Global Markets Cheer
Following the announcement, crude oil prices saw a steep decline. Brent futures dropped over 14 percent to around USD 96 per barrel, while West Texas Intermediate also fell sharply. European natural gas prices mirrored the trend, tumbling significantly.
US stock futures rebounded as well, rising up to 2 percent, reflecting improved risk sentiment globally.
Relief Rally Likely After Monday’s Sell-off
The sharp uptick in GIFT Nifty suggests Indian markets could open higher on Tuesday, potentially recovering from Monday’s steep losses.
Benchmark indices had ended the previous session deep in the red amid escalating geopolitical concerns. The Sensex plunged 1,836.57 points, or 2.46 percent, to close at 72,696.39, while the Nifty dropped 601.85 points, or 2.6 percent, to settle at 22,512.65.
Weak global cues, surging crude prices, persistent foreign fund outflows, and rupee weakness had weighed heavily on investor sentiment.
US stock futures also pared losses and jumped up to 2 percent higher after Trump’s remarks, signalling a temporary easing of tensions even as negotiations between the two sides continue.
S&P 500 futures rose 1.5 percent. Futures on the Dow Jones Industrial Average were up 1.6 percent, pointing to a positive start for Wall Street.
Treasury prices fluctuated between gains and losses, with the two-year yield hovering around 3.9 percent.
Earlier, Treasuries had risen, interrupting a recent surge in yields that had pushed them to multi-month highs. The move came alongside a drop in oil prices after U.S. President Donald Trump said he had delayed potential strikes on Iran’s energy infrastructure. Bond yields fell by roughly five to nearly 10 basis points following his comments that discussions with Iran had been productive. However, those declines—along with losses in crude oil—were later trimmed or fully reversed, leaving yields largely unchanged from Friday’s closing levels.
March 23, 2026, 17:43 IST
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